3701 Pottawatomie Rd Harrah, OK 73045-5952
This exceptional 9.99-acre mixed-use property, located at 3701 S Pottawatomie Rd, Harrah, OK 73045, presents a compelling redevelopment opportunity. Currently operating as a 38-pad mobile home park with 25 buildings, the property boasts 435,164 square feet and is zoned for Commercial Residential use. The park features 38 pads, each with two parking spaces, and currently has a 45% occupancy rate. While many existing mobile homes require removal, this presents a chance to revitalize the park with new manufactured homes or convert it into a modern RV park. The existing infrastructure, including a single-cell sewer lagoon, provides a solid foundation for future development. Built in 1965 and renovated in 2007, the property includes a conventional structure suitable for an office or caretaker's residence. The property's strategic location near Wes Watkins Lake offers a serene setting and proximity to a growing population with a median household income of $53,673 within a 1-mile radius, ensuring a strong tenant base. The asking price is $750,000. This investment presents substantial potential for growth and reliable cash flow in the thriving Oklahoma City Metro market. The APN is R267136000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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